Accounting policies
Amounts due from banks comprise financial assets measured at amortized cost using the effective interest rate method, less potential impairment allowances, with the exception of cash in transit which is measured at nominal value. If no future cash flow schedule can be determined for a financial receivable, and thus the effective interest rate cannot be determined, the receivable is measured at the amount due.
Buy-sell-back securities are recognized as amounts due from banks, if the counterparty is a bank. Buy-sell-back transactions are measured at amortized cost. The difference between the buy and repurchase (sell) price is treated as interest income and settled over the period of the contract using the effective interest rate.
Financial information
| AMOUNTS DUE FROM BANKS | 31.12.2017 | 31.12.2016 |
|---|---|---|
| Deposits with banks | 3 710 | 3 846 |
| Current accounts | 1 470 | 784 |
| Loans and advances granted | 51 | 50 |
| Receivables in respect of repurchase agreements | - | 661 |
| Cash in transit | 2 | 4 |
| Total, gross | 5 233 | 5 345 |
| Impairment allowance for receivables | - | - |
| Total, net | 5 233 | 5 345 |
| AMOUNTS DUE FROM BANKS - THE GROUP'S EXPOSURE TO CREDIT RISK | Exposure | |
|---|---|---|
| 31.12.2017 | 31.12.2016 | |
| Amounts due form banks not impaired, not past due | 5 233 | 5 345 |
| Total, gross | 5 233 | 5 345 |
| Total carrying amount, net | 5 233 | 5 345 |